Course Closures as Percentage of Total Supply
U.S. golf course closures have steadily declined since reaching an all-time high in 2019, with a 62% reduction from that total in 2022. The drop is an indication of a move toward equilibrium of supply within the U.S. market. Course closures will continue into the future, likely in the neighborhood of 1% of the overall supply annually in a well-balanced market. At the midpoint of 2023, the number of U.S. closures is approximately the same as it was at midyear in 2022.
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